Publisher's Synopsis
Unlike your paycheck, which you earn for actively working, passive income is money you earn whether you're taking action or not. Passive income ideas can range from something like a stock dividend or a coupon payment on a bond to rental payments from tenants of a property you own or rent out your car on weekends.
Although age-old strategies like real estate investing continue to lead countless investors toward financial independence, the digital age has opened the door to new ways of generating passive income streams. If you want to remain poor for the rest of your life or you want to labor for every penny you earn, then ignore this piece. There is no doubt that you are here, because of your previous actions. Even if these actions were wrong, now you have the opportunity to correct them!
